Captrust Financial Advisors Makes New Investment in Donaldson Company, Inc. (NYSE:DCI)

Captrust Financial Advisors bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,914 shares of the industrial products company's stock, valued at approximately $398,000.

Several other large investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in Donaldson in the fourth quarter worth $65,828,000. Scharf Investments LLC bought a new position in shares of Donaldson during the 4th quarter worth $61,697,000. Capital Counsel LLC NY increased its holdings in Donaldson by 489.2% in the 4th quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company's stock worth $44,246,000 after acquiring an additional 545,457 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in Donaldson by 19.9% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock worth $148,795,000 after acquiring an additional 367,383 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Donaldson by 24.7% in the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock valued at $101,878,000 after acquiring an additional 299,302 shares during the period. Hedge funds and other institutional investors own 82.81% of the company's stock.

Wall Street Analyst Weigh In

DCI has been the subject of a number of research reports. Stifel Nicolaus cut their target price on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Donaldson currently has a consensus rating of "Hold" and an average target price of $71.33.

Insiders Place Their Bets

In related news, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now owns 28,334 shares of the company's stock, valued at $1,961,279.48. This represents a 50.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Owens sold 18,700 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares of the company's stock, valued at $1,255,656.92. The trade was a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock worth $5,164,799 in the last ninety days. 2.70% of the stock is currently owned by insiders.

Donaldson Stock Down 0.2%

DCI stock opened at $70.89 on Tuesday. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The firm has a market capitalization of $8.47 billion, a PE ratio of 20.61, a PEG ratio of 1.82 and a beta of 1.01. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $65.98 and a two-hundred day simple moving average of $69.46.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. On average, equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.

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